Financial Meltdown Coming Up

The stock market has done relatively well since the pandemic. I mean its down 20% or so but I expected and predicted much worse. Id like to double down on my predictions...

I still stick with the assessment that I had several months ago...the stock market will plunge much more than it has several months ago. It doesn't matter how much Trump wants to get people back to work and offer loans and back rubs to corporations and a couple thousand dollars to those that have lost jobs. The employee handouts cant compensate for the lost salaries and the company grants and loans cant compensate for the lost productivity. We are at a global standstill and the dominoes will fall...if everyone could go to work tomorrow, it would still happen. I view it like a traffic jam.

Several years ago a Bay Area shock jock for Wild 107 thought it would be cute to block the bay bridge for 5 minutes to give himself a haircut like Bill Clinton did in Air force one. He thought it would be a big deal as he only blocked traffic for 5 minutes. But that added up to two hours for people at the end of the line. The dumb shock jock was fired and Wild 107 ended up paying for everyone in the bay's toll for a day as a settlement. No one will be able to pay for the several months of lost salaries and the delay in getting the machine up will take longer than the stoppage.

A few months of production stoppage and unemployment takes a long time to fix. Add that to a market that has been high for so long and a national that is heavily in personal and school debt and a pandemic that still isnt over...and you get trouble.

https://www.marketwatch.com/amp/story/guid/AE06D5F4-92D4-11EA-BFB2-DE7CC0F16A90